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Single Family Residence
$600,000$824 / sqft
2640 NW 23rd Ct, Miami FL 33142
Listed
2
Bedrooms
1
Bathrooms
728 sqft
Interior
1955
Year built
None
HOA
Single Family Residence
Type
About this home
Investor special. Rare twin-home duplex opportunity featuring two separate folios. Each unit offers 2 bedrooms, 1 bathroom, and approximately 728 SF. Property sits on an approx. 5,400 SF combined lot with T4 Multi-Family zoning, offering strong redevelopment potential. Built in 1955 with a functional roof; interiors require renovation, making this an ideal value-add opportunity for investors, developers, or end users. Excellent options for renovation and resale, long-term rental income, or future development. Centrally located near Wynwood, Downtown Miami, and the Health District with easy access to major highways, shopping, dining, and employment centers. Great opportunity in one of Miami’s rapidly growing redevelopment corridors.
Features
- First Floor Entry
- No Additional Rooms
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,034
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,034
- HOA
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 154 active listings; the middle half ask $2,400–$3,640.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.